Raymond James Financial Services Advisors Inc. Sells 31,920 Shares of Tortoise Energy Infrastructure Co. (NYSE:TYG)

Raymond James Financial Services Advisors Inc. reduced its position in Tortoise Energy Infrastructure Co. (NYSE:TYG) by 63.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,185 shares of the financial services provider’s stock after selling 31,920 shares during the period. Raymond James Financial Services Advisors Inc. owned approximately 0.16% of Tortoise Energy Infrastructure worth $523,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Mariner LLC lifted its holdings in shares of Tortoise Energy Infrastructure by 1.1% in the 1st quarter. Mariner LLC now owns 38,629 shares of the financial services provider’s stock worth $1,335,000 after purchasing an additional 414 shares in the last quarter. CreativeOne Wealth LLC raised its position in Tortoise Energy Infrastructure by 1.6% in the 4th quarter. CreativeOne Wealth LLC now owns 27,280 shares of the financial services provider’s stock valued at $867,000 after buying an additional 423 shares during the last quarter. Baird Financial Group Inc. raised its position in Tortoise Energy Infrastructure by 2.0% in the 3rd quarter. Baird Financial Group Inc. now owns 30,928 shares of the financial services provider’s stock valued at $926,000 after buying an additional 601 shares during the last quarter. Jaffetilchin Investment Partners LLC raised its position in Tortoise Energy Infrastructure by 6.1% in the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 11,467 shares of the financial services provider’s stock valued at $333,000 after buying an additional 659 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in Tortoise Energy Infrastructure by 3.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 29,546 shares of the financial services provider’s stock valued at $868,000 after buying an additional 905 shares during the last quarter. 32.50% of the stock is currently owned by institutional investors.

Tortoise Energy Infrastructure Price Performance

NYSE TYG opened at $30.50 on Friday. The business has a fifty day simple moving average of $29.93 and a 200 day simple moving average of $28.99. Tortoise Energy Infrastructure Co. has a 12 month low of $26.72 and a 12 month high of $31.89.

Tortoise Energy Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 22nd were given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 9.31%. The ex-dividend date of this dividend was Wednesday, February 21st.

Tortoise Energy Infrastructure Company Profile

Tortoise Energy Infrastructure Corporation is a closed ended equity mutual fund launched and managed by Tortoise Capital Advisors LLC The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating in the energy infrastructure sector, with an emphasis on those companies that are engaged in transporting, processing, storing, distributing or marketing natural gas, natural gas liquids (primarily propane), coal, crude oil or refined petroleum products, or exploring, developing, managing or producing such commodities.